XACC 290 Week 3 Checkpoint - Accrual and Cash Accounting


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CheckPoint
Accrual
and Cash Accounting


Write a 200- to 300-word paragraph answering the following questions:
 
·        
What is the
difference between accrual and cash accounting?
·        
When might an
accountant use cash basis accounting without violating generally accepted
accounting principles?
 
Format your paragraph consistent with APA guidelines.


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